Go to deals
Private Equity | Energy

Top Systems teams up with Holland Capital to create the premier Dutch battery-based solutions provider

Holland Capital, a Netherlands-based private equity firm, has acquired a stake in Top Systems, a leading provider of complete battery-based power solutions, with a unique value-added services proposition.

Top Systems has become the most experienced and successful battery-based power solutions specialist in the Benelux. Over the years, the company has developed a broad and high-quality battery-based product portfolio, designed for specific applications in various end-markets, including mobility, infra and construction, industry and marine. Through its diversified solutions offering of mainly lithium-based battery products, Top Systems is fully equipped to meet the demand of increasingly complex battery-based power solutions.

The fast-growing battery-based power solutions market is currently experiencing substantial growth (+19% CAGR), combined with a growing demand for lithium-based solutions (+21% CAGR). The energy transition, which involves a global shift towards cleaner and more sustainable sources of energy, is playing a significant role in fueling the growth. Top Systems has established a dominant position by executing more than 9,000 projects and is perfectly positioned to capitalize on the favorable dynamics in the rapidly expanding lithium-based battery market.

Holland Capital, a Netherlands-based private equity firm, has been responsibly and successfully investing in promising Dutch and German SMEs with growth ambitions for over 40 years. The team understands entrepreneurship and fosters an open, sustainable and professional relationship with the management teams of the invested companies, aiming for mutual growth. With offices in Amsterdam and Düsseldorf, Holland Capital focuses on healthcare, technology, and the recently added Agrifood-Tech sector.

As an investor focused on increasing and accelerating the growth of companies, Holland Capital will support Top Systems to achieve its growth ambitions, both organically and through buy-and-build. Complementary to Top Systems, Holland Capital also acquired a stake in Hybrid Power Units (HPU), a Netherlands-based developer and installer of emergency power solutions with a focus on the off-grid market. By merging both companies, the new group will provide answers to the increasingly complex questions regarding energy storage, including the rapidly growing high-voltage battery market. Furthermore, the combination creates more strength and innovation in a growing market. Holland Capital’s investment is a real game-changer. With the support of Holland Capital, Top Systems and HPU can realize day-one synergy, accelerate growth and make batteries a more widely adopted emission-free alternative to fossil fuels.

Philip Wilms, Investment Director at Holland Capital, expressed his enthusiasm about the combination: “We see tremendous development in the battery market, and we believe that we can accelerate the transition by combining expertise and making it more widely accessible. This is a great first step, and we keep our eyes open for new strategic acquisitions.”

Oaklins’ team in the Netherlands served as the exclusive sell-side advisor to Top Systems’ shareholders. This transaction emphasizes Oaklins’ expertise in the battery market in advising founders and private equity on monetizing industry-leading businesses. Fueled by an ever-expanding track record, with another prime recent example being the sale of Wetac to Nordian Capital, Oaklins has detailed insights in battery and energy transition sector dynamics, valuation trends, key personalities, as well as potential buyers and targets.

Parties
“Our goal was to find a new partner for Top Systems who, not only wants to invest in further growth, but also gives us the space to work on new technical innovations such as high-voltage solutions. Oaklins’ pragmatic and result-oriented approach has proved exceptionally valuable throughout the process, helping us to find the best partner for Top Systems that aligns with our entrepreneurial core values. We are very satisfied with their advice, the smooth process and having found Holland Capital as the right new partner.”

Erwin van Heijningen

Non-executive director and shareholder, Top Systems

Talk to the deal team

Frank de Hek

Partner
Amsterdam, Netherlands
Oaklins Netherlands

Martijn de Win

Director
Amsterdam, Netherlands
Oaklins Netherlands

Koen Bodewes

Associate
Amsterdam, Netherlands
Oaklins Netherlands

Victor van den Berg

Associate
Amsterdam, Netherlands
Oaklins Netherlands

Related deals

GARAIO has been acquired by Netrics Group.
Private Equity | TMT

GARAIO has been acquired by Netrics Group.

Netrics Group has acquired GARAIO AG as a wholly owned subsidiary. GARAIO will continue to operate as an independent company under the umbrella of Netrics Group. With this acquisition, Netrics Group is further expanding its leading position as a provider of managed cloud and digital workplace solutions as well as consulting services.

Learn more
Foreman Capital has raised financing for the acquisition of Rijcken Groep
Private Equity | Food & Beverage

Foreman Capital has raised financing for the acquisition of Rijcken Groep

Foreman Capital, a Netherlands-based private equity firm, has secured debt financing for the acquisition of international food wholesaler Rijcken Groep. The financing package, provided through a club deal by Rabobank and ING, is designed to support Rijcken Groep’s organic growth as well as its planned buy-and-build strategy.

Learn more
G/O Media Inc. has sold Gizmodo to Keleops AG
Private Equity | TMT

G/O Media Inc. has sold Gizmodo to Keleops AG

G/O Media Inc. has sold Gizmodo, a premier international media outlet dedicated to technology, to Keleops AG. The acquisition represents a major milestone for Keleops, already one of Europe’s largest groups of digital media publishers in the consumer technology sector. By expanding its reach within the industry and on an international scale, Keleops expects to double its current audience, fostering greater brand awareness and engagement.

Learn more